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Sweden selects Embraer cargo plane, Brazil plans to buy more Saab fighters

Summary by Ground News
Sweden has selected Embraer's (EMBR3.SA), C-390 Millennium as its next military cargo aircraft, while Brazil intends to buy more Gripen fighter jets from Swedish defense company Saab , the European country's government said. The letter of intent signed on Saturday comes after lengthy talks between the countries for Brazil to increase its existing Gripen orders and Sweden plane as replacement for its aging fleet of Lockheed Martin's (LMT.N), C-130.
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